Comcast Co. (NASDAQ:CMCSA) Shares Bought by National Pension Service

National Pension Service raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 13.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,701,529 shares of the cable giant’s stock after buying an additional 1,035,584 shares during the quarter. National Pension Service’s holdings in Comcast were worth $363,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Capital World Investors grew its holdings in Comcast by 7.4% during the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after acquiring an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP boosted its position in Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock worth $1,500,722,000 after purchasing an additional 1,000,626 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after purchasing an additional 8,243,302 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in shares of Comcast by 25,881.7% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares in the last quarter. Finally, First Pacific Advisors LP lifted its stake in shares of Comcast by 2.1% in the 2nd quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after purchasing an additional 219,894 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Comcast stock opened at $43.31 on Monday. The company has a 50-day moving average price of $40.80 and a 200 day moving average price of $39.58. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.14. The stock has a market cap of $167.72 billion, a P/E ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.86%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research report on Friday. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.